US Stock Market Move | SoftBank-backed PayPay (PAYP.US) debuted on the U.S. stock market with an opening increase of over 13%.

SoftBank-backed Japanese digital wallet operator PayPay (PAYP.US) made its debut on the US stock market, soaring more than 13% at the opening to $18.1, with a total market value of nearly $12 billion. The IPO price was $16. As a joint venture established by SoftBank and Yahoo Japan (now LY Corp.) in 2018, PayPay has become the absolute leader in the mobile payment field in Japan, commanding about 70% of the Japanese smartphone payment market. Data shows that as of the end of December 2025, the company has registered 72 million users, covering almost over half of Japan's population, successfully driving the transformation of cash payments into cashless payments in Japan. Financial data shows that PayPay has achieved rapid profit growth. In the nine months ending on December 31, 2025, the company's revenue reached 278.5 billion yen, a 26% increase year-on-year, with a net profit of 103.3 billion yen, a significant increase of 256%. Both key financial data demonstrate strong profitability and potential for business expansion.